After a massive decline, Ethereum found support near the $2100 level. A low was formed at $2099 and the price recently started a decent upward move.
After a massive decline, Ethereum (ETH) price found support near the $2,100 level. A low was formed at $2,099 and the price recently started a decent upward move. There was a recovery above the $2,300 and $2,450 resistance levels.
ETH price might begin a fresh increase if it manages to stay above the $2,450 level. Immediate resistance is at $2,720, followed by $2,750 and the 50-week simple moving average (blue). A clear move above the $2,750 resistance might lead to a rally toward the $3,000 resistance.
Conversely, another decline might start if the price fails to settle above $2,450. In that case, the first major support is near the $2,100 level, followed by $2,000.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
